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Filtrado por etiquetas:  Fibonacci Expansion Level
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USD/RUB is likely to fall

USD/RUB is likely to towards the fibonacci expansion level of 61.8% (56.0688) to trace the wave 3 of the 1-2-3-4-5 emotive elliot waves.
Main fibonacci retracement levels are:
100% (60.8414)
61.8% (59.2895)
50% (58.8101)
38.2% (58.3308)
23.6% (57.7376)
0%(56.7788)
Main Fibonacci Expansion Levels are
61.8% (56.0688)
100% (54.5168)
Daily Chart
Weekly Chart
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EURo PLN Uptrend Continuation In Focus

EUR PLN
Eur Pln in Bullish mkt as Eur continues to appreciate across the mkts . The currency pair is currently position to rally further after trending 50% retracement at 4.2300 point C and forcasting D at 4.6000 in coming months .
From technical and trend point of view Eur pln is bullish on the weekly time frame while the daily time frame is also bullish with price trading above senkou span bull cross , kumo cloud and tenkan sen / kijun sen bullish cross .
ICHIMOKU TREND ANALYSIS
Weekly…
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Eur pln uptrend continuation pending


weekly                                bullish mkt
daily                                    bull trend
4 hourly                              bearish trend

TRENDMASTER avatar




Eur pln  downtrend correction


Weekly                          bullish mkt
daily                                    -
4 hourly                          bearish trend                 

TRENDMASTER avatar



Eur Pln Uptrend continuation


weekly                              bullish mkt
daily                                  bull trend
4 hourly                            bull trend

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NZD/CAD supported by trendline and SMA for bullish move

Nzd/Cad is bullish and next weekly target seems a lot higher
On the weekly chart there is a bullish trendline from the last lows that has been around for months now;
this is depicted as the grey line on the weekly chart
The price is holding above the blue line too -- this is the weekly SMA-100
Stoachistic and RSI-14 indicators show bullish signs
and the fibonacci expansion level 61.8% that I have drawn from the last weekly move
shows a target just above previous highs -- near 0.97 -- this is the…
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AdamFx42 26 Jan

Nzd/Cad holding position now - looking for retracement down,
as nzd is weaker, following weaker Aud

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AdamFx42 28 Jan

Nzd weakening more because of interest rate decision now
but Cad is also suffering from the FOMC today --  so pair is still above target,
need to break below 0.92 for my prediction

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AdamFx42 29 Jan

Below 0.92 now, and touched my target 3  hours ago,
need it to stay below 0.92 to have a chance now

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AdamFx42 29 Jan

Pair has stayed below 0.92 overnight and is just below target now - looking good

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AdamFx42 29 Jan

Although my target is reached from above instead of below as I predicted,
my predicted 61.8% fibonacci resistance area will act as resistance now, too
As it is around the 0.92 line this will become natural resistance for the pair

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AUD/CAD bounce up from technical target

Aud/Cad has hit a technical weekly target and has bounced
The bounce occured off the weekly fibonacci expansion level of 100% of the last weekly move
You can see this on the weekly chart
I have drawn the weekly fibonacci retracement levels from the last weekly move up,
and then from the last weekly move down aswell (in Red and Blue)
Aud/Cad weekly chart
Looking a bit closer on the daily chart we can see that the bounce off the 100% weekly expansion level is exact
The price is moving above the 23…
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AdamFx42 13 Jan

Pair has moved a bit lower initially than I expected, but bounce did occur as I set out,
and point of resistance is playing out as on my daily chart now

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AdamFx42 15 Jan

0.9750 area has proved to be strong area of resistance as price moves down towards 0.97
at the moment -- area of support, now containing the 61.8% fibonacci expansion area, and the 61.8%
fibonacci retracement level around 0.9650 should contain any movement down,
and provide a bounce back towards 0.97 level if it is broken to the downside

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AdamFx42 23 Jan

Aud/Cad moved up to 102 after the surprise rate cut from BOC
always expect the unexpected  :-)
But now fears of a rate cut in Australia have set in too and forcing the pair down again
It is currently on route towards my target again

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AdamFx42 26 Jan

About 120 pips above target now - but looking weak, further drop could come
Aud/Usd is well below 0.8 now, and this will affect the crosses

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AdamFx42 29 Jan

Moving down towards target now - about 60 pips above
Like I said - pair is being affected by Aud weakness,
expect to hit my target the end of the week

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AUD/CHF inverted head and Shoulders pattern weekly chart

Aud/Chf is showing an Inverted Head and Shoulders pattern on the weekly chart
First of all here is the weekly chart and you can see the forming of the inverted head and shoulders pattern
Aud/Chf weekly chart
On the daily chart we see that there has been some sideways price action,
but we can see that before this action occured there was a move down
and the first retracement from this move down provides us with a Fibonacci expansion level of 61.8%,
that has been hit now --- this level could also …
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Price has broken below my initial support area - the bounce up has started though,
Need the price to break above 0.8180 for my prediction to play out now

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GBP/JPY within a bullish weekly channel

Gbp/Jpy is clearly within a bullish channel if we look at the weekly chart;
the RSI is about neutral and the price is moving down to test the lower border:
Gbp/Jpy Weekly Chart
On the daily chart we can see the lower RSI indicating the move down
If we draw a fibonacci expansion level from our presumed bounce off the lower border
of the weekly trendline, or lower channel border,
the 61.8% fibonacci expansion target of that move lies above 1.77
Gbp/Jpy Daily Chart
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AdamFx42 19 Out

Lower border of weekly channel has been tested as I predicted,
price has pierced the level, but bounced hard - need continuation up now

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AdamFx42 30 Out

move back up is underway

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AdamFx42 10 Nov

Move up to 1.84+ has extended my prediction hugely, but support area around 1.77;
predicted target for the end of the month is still possible
and would be my bet for the next move of this pair

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AUD/SGD towards the lower border of a weekly channel

Aud/Sgd to me - has a beautiful technical setup,
all seems clear and price action is at work and speaks for itself
The weekly bearish channel the pair is in shows a strong bounce from the upper border
Price has broken through and retested the 61.8% fibonacci expansion level of the last weekly move down
The fast move down is supported by a bearish RSI, which should lead price further down to the lower border of the channel
Aud/Sgd weekly chart
On the daily chart we see that the 61.8% fibonacci ex…
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AdamFx42 19 Out

Price has held above 1.10 for now - this is to be expected, as it is a large psychological number to break

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Price moving towards the lower border of the weekly channel - see if it breaks

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AUD/CHF in for another round trip

Aud/Chf has put in a double top on the weekly chart
The 61.8% fibonacci expansion level of the last weekly move should be the weekly target
this level lies around 0.81
Aud/Chf weekly chart
Before we get there - we need to look at the daily chart first,
there is another clue of the price movement there:
the daily fibonacci expansion area of 61.8% lies above the weekly target around 0.8180
I believe that the price will bounce here, and retest previous lows around 0.83
before heading down further
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AdamFx42 19 Out

Price action has still to move to the downside
A test of the weekly 61.8% fibonacci retracement is neede for a bounce back up
or the price will remain sideways

AdamFx42 avatar

Price has followed the pattern I drew out exactly - bounced of 61.8% fibonacci daily expansion
and came back up steeply - has now retraced back target area

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AdamFx42 10 Nov

0.82 is the low for now - price is back up above 0.83 at the moment
This means that the daily fibonacci expansion 61.8% that I predicted on my daily chart
has held the downside and a bounce from this level has occured
Price action is not strong though - and a retest of 0.83 to the downside may follow

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AdamFx42 26 Nov

Price is stuck between 0.83 and 0.82 just as I predicted
need about 40 pips to the upside for my target

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